|
Post by dan1 on Apr 3, 2018 12:44:58 GMT
If a sale of a defaulted item doesn't realise the full interest then your Total Interest Paid and Accrued will reduce. Although this morning I only received standard repayment emails (no sales through default). I thought that may be the case, but then wasn't sure why it would go up as well. All though I was surprised; not enough to bring it up with Unbolted! In the past I have checked interest received against Unbolted figures, and they matched. I had 3 overdue payments. Loans are still listed as overdue: A repayment of £0.25 on overdue loan 2DFDC3A8F has been credited to your account. The amount now outstanding to lenders on the loan is £449.15 A repayment of £0.66 on overdue loan 2DFDC3D82 has been credited to your account. The amount now outstanding to lenders on the loan is £3593.12. A repayment of £0.75 on overdue loan 2DFDC3B33 has been credited to your account. The amount now outstanding to lenders on the loan is £550.46. You're right, I'd only expect it to increase just after midnight. Perhaps an error that was subsequently corrected. Tracking these things isn't easy on Unbolted but they've made a few small improvements over the last few months to make it easier which can only be a good sign
|
|
ding
Member of DD Central
Posts: 238
Likes: 132
|
Post by ding on Jun 21, 2018 10:31:50 GMT
New 95k biz loan on the platform. Logged in two minutes after receiving the email (11:27) and £35k left. So I would guess around 55k was auto-lent. Lots of people with lots of cash in the platform.
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
|
Post by stub8535 on Jun 21, 2018 21:37:54 GMT
New 95k biz loan on the platform. Logged in two minutes after receiving the email (11:27) and £35k left. So I would guess around 55k was auto-lent. Lots of people with lots of cash in the platform.
Would not be a surprise as yesterday saw 3 larger loans repaid I believe.
|
|
registerme
Member of DD Central
Posts: 6,212
Likes: 6,020
|
Post by registerme on Jun 26, 2018 9:36:37 GMT
With the reduction in rates and the amount of cash drag (which seems to be getting worse, rather than better), I'm not sure I see much point in investing here any more .
|
|
nush
Member of DD Central
Posts: 396
Likes: 113
|
Post by nush on Jun 26, 2018 20:53:15 GMT
With the reduction in rates and the amount of cash drag (which seems to be getting worse, rather than better), I'm not sure I see much point in investing here any more . i wish more people felt that way, it does seem hard to get invested here.
|
|
registerme
Member of DD Central
Posts: 6,212
Likes: 6,020
|
Post by registerme on Jun 26, 2018 23:34:43 GMT
My first investment was in August (ish) last year. It wasn't all in one chunk, and assuming I get all my capital back it will have beaten cash, but it's not what I had hoped for.
|
|
|
Post by Ace on Jun 27, 2018 5:44:04 GMT
My first investment was in August (ish) last year. It wasn't all in one chunk, and assuming I get all my capital back it will have beaten cash, but it's not what I had hoped for. Is this purely due to cash drag or have you also been hit by defaults on unprotected loans?
|
|
registerme
Member of DD Central
Posts: 6,212
Likes: 6,020
|
Post by registerme on Jun 27, 2018 8:43:30 GMT
I don't think I've been hit by defaults, but another of my issues with Unbolted is the lack of transparency around some of this stuff.
|
|
|
Post by dan1 on Jun 27, 2018 8:45:19 GMT
My first investment was in August (ish) last year. It wasn't all in one chunk, and assuming I get all my capital back it will have beaten cash, but it's not what I had hoped for. I would be interested to hear from anyone who has invested and subsequently exited the platform. In particular the achieved XIRR in the context of the mix of Gold Trust, Provision Trust and Unprotected Loans and the rough % of cash left on the platform.
|
|
liso
Member of DD Central
Posts: 389
Likes: 394
|
Post by liso on Jun 27, 2018 9:37:33 GMT
Till now, all defaulted resolved loans have returned 100% capital to lenders, though with some loans there has been some loss of interest. These have all been Gold or Provision Trust loans and payments have been made by UB to cover any capital shortfall.
Currently there are several unprotected loans defaulted and in recovery. Recovery from these may not be so good.
|
|
|
Post by df on Jun 27, 2018 13:57:15 GMT
With the reduction in rates and the amount of cash drag (which seems to be getting worse, rather than better), I'm not sure I see much point in investing here any more . Since the rate drop my cash drag seems to be reducing, I've added more cash about a month ago because I nearly ran out. Overall my auto-investments are slightly larger than before.
|
|
picnicman
Member of DD Central
Posts: 238
Likes: 215
|
Post by picnicman on Jun 27, 2018 14:55:23 GMT
With the reduction in rates and the amount of cash drag (which seems to be getting worse, rather than better), I'm not sure I see much point in investing here any more . Since the rate drop my cash drag seems to be reducing, I've added more cash about a month ago because I nearly ran out. Overall my auto-investments are slightly larger than before. Same with me - it may just be me, but are some loans repaying early and then renewed at the lower rate (and assume lower rate for borrower?) might be just the cynic in me/or I have just got it wrong, but would be interested if anyone else has a view?
|
|
|
Post by jakebullet on Jun 27, 2018 15:31:25 GMT
I doubt they're reducing rates to borrowers, and even if they did woudln't any saving be negated by the loan setup fee?
|
|
markyg61
Member of DD Central
Posts: 340
Likes: 237
|
Post by markyg61 on Jun 29, 2018 11:19:43 GMT
I'm only small time in Unbolted but just downloaded my loans and worked the average percentage @ 8.76% pa across some 250 loans and no defaults. Is that really to be sniffed at in the current climate ?
|
|
Ukmikk
Member of DD Central
Posts: 445
Likes: 298
|
Post by Ukmikk on Jun 29, 2018 21:18:54 GMT
Till now, all defaulted resolved loans have returned 100% capital to lenders, though with some loans there has been some loss of interest. These have all been Gold or Provision Trust loans and payments have been made by UB to cover any capital shortfall. Currently there are several unprotected loans defaulted and in recovery. Recovery from these may not be so good. which are the defaulted unprotected loans? I couldn't see any in my listing. Thanks.
|
|